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NJ QPA EXAM 2026| QUALIFIED PUBLIC ACCOUNTANT |ACTUAL QUESTIONS AND VERIFIED ANSWERS|GRADED A+|BRAND NEW 2026 UPDATE!!!!!

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NJ QPA EXAM 2026| QUALIFIED PUBLIC ACCOUNTANT |ACTUAL QUESTIONS AND VERIFIED ANSWERS|GRADED A+|BRAND NEW 2026 UPDATE!!!!! This title clearly indicates the document's content: it's a resource for the 2026 NJ QPA exam, specifically containing actual questions, verified answers, and is of high quality, as indicated by the "GRADED A+" and the "BRAND NEW 2026 UPDATE!!!!!".

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Transfers, Public Auctions, Trade-ins, Sales to other local contracting units, sealed bids - AN-
SWER List the 5 methods that can be used to dispose of personal property:



In the Right Quality, Right Quantity. At the Right Time, Right Price. From the Right Source.
And in the Right Manner. - ANSWER The Purchasing Cycle has been recognized as the Six
R's because goods and services must be obtained:



False - Dillons Rule provides for a strict construction approach of state supremacy over local
government. Municipal Corporations posses those powers granted by the state legislatures. -
ANSWER True or False - The Cooleys Doctrine provides for a strict construction approach
of state supremacy over local government. Municipal corporations possess those powers
granted by the state legislatures.



Warranty - ANSWER A _____________ is simply a promise given that goods are of a cer-
tain quality and will conform to certain standards. A) Guarantee B) Warranty C) Offer D) Con-
sideration



Maintain rising costs, keep up with technology, satisfy customers, lower costs of ownership,
improve quality - ANSWER Value Analysis is a balance of performance, cost, and supply
used to:



Boroughs, Townships, Villages, Towns, Cities. - ANSWER List 3 of the traditional forms of
Municipal Governments



Firm fixed-price agreements, Agreements with escalation provisions, Time and Material
Agreements, Open-End Agreements, Lease Agreements, Lease with option to purchase
Agreements - ANSWER List 5 types of contracts that public entities can use:



1

, All records made or kept in the course of official business are public unless they are specifi-
cally made exempt. - ANSWER Under the New Jersey Open Public Records Act (OPRA): All
records made or kept in the course of official business are __________ unless they are spe-
cifically made ______________



False - Strongly Recommended but Voluntary - ANSWER True or False - The Use of a Pre-
Bid Meeting and/or site visitation by a local contracting unit is strongly recommended and
mandatory.



True - NJSA 40A:11-14 - ANSWER True or False - In Public Purchasing all contracts for the
provision of goods or performance of services shall be in writing.



Counties, Municipalities, School Districts, Local Authorities, Special Districts. - ANSWER
The State of NJ has five types or levels of local government, list them:



B) Battle of the Forms - ANSWER Uniform Commercial Code Synopsis (UCC): The
______________ generally refers to the situation where buyers send out purchase orders
and sellers respond with sales acknowledgement forms but, although the fonts of the docu-
ments basically match up, the backs are fundamentally different. A) Required Disclosure B)
Battle of the Forms C) Flexible Chart of Accounts D) Law of Agency



C) Implied Warranty - ANSWER Under the Uniform Commercial Code (UCC) Article 2
(Sales) - When the seller is aware of the purpose for which the buyer needs the goods in
questions and is aware that they buyer is relying upon the seller to select proper goods, thus
the courts have held that the seller is obligated to supply goods reasonably fit for the pur-
pose intended is known as: A) Express Warranty B) Warranty of Title C) Implied Warranty D)
Partial Warrant



False - $50,000 not $55,000 - ANSWER True or False - When a business has received in
any calendar year $55,000 or more in public contracts with public entities, it must file a re-
port with the ELEC (on forms provided by ELEC)




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